General Motors (NYSE:GM) Shares Sold by WealthPlan Investment Management LLC

WealthPlan Investment Management LLC lowered its position in General Motors (NYSE:GM) (TSE:GMM.U) by 8.1% in the fourth quarter, HoldingsChannel reports. The fund owned 5,397 shares of the auto manufacturer’s stock after selling 476 shares during the quarter. WealthPlan Investment Management LLC’s holdings in General Motors were worth $287,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Golden State Wealth Management LLC acquired a new position in shares of General Motors during the 4th quarter worth about $25,000. Crews Bank & Trust acquired a new position in shares of General Motors during the 4th quarter worth about $26,000. Catalyst Capital Advisors LLC acquired a new position in shares of General Motors during the 3rd quarter worth about $27,000. Truvestments Capital LLC acquired a new position in shares of General Motors during the 3rd quarter worth about $27,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of General Motors during the 4th quarter worth about $28,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GM. Wedbush upped their price target on shares of General Motors from $55.00 to $60.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. StockNews.com cut shares of General Motors from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Hsbc Global Res cut shares of General Motors from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft raised shares of General Motors from a “hold” rating to a “buy” rating and upped their price objective for the company from $56.00 to $60.00 in a research note on Tuesday, January 21st. Finally, UBS Group upped their price objective on shares of General Motors from $62.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $59.71.

Insider Buying and Selling

In other General Motors news, EVP Craig B. Glidden sold 383,142 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $56.63, for a total transaction of $21,697,331.46. Following the sale, the executive vice president now directly owns 122,465 shares in the company, valued at $6,935,192.95. This represents a 75.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Rory Harvey sold 8,919 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $60.01, for a total transaction of $535,229.19. Following the sale, the executive vice president now owns 8,513 shares in the company, valued at approximately $510,865.13. This trade represents a 51.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by corporate insiders.

General Motors Stock Performance

NYSE:GM opened at $48.33 on Friday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.98 and a current ratio of 1.13. The stock has a market capitalization of $48.09 billion, a P/E ratio of 7.86, a PEG ratio of 0.68 and a beta of 1.40. The company has a 50 day moving average price of $51.16 and a 200 day moving average price of $49.98. General Motors has a fifty-two week low of $38.13 and a fifty-two week high of $61.24.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings data on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.17. General Motors had a net margin of 3.21% and a return on equity of 15.29%. Equities research analysts forecast that General Motors will post 11.28 EPS for the current year.

General Motors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, March 7th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, March 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.99%. General Motors’s payout ratio is currently 7.80%.

General Motors Profile

General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts; and provide software-enabled services and subscriptions worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brand names.